Renowned economist Dawie Roodt said South Africa is heading for a serious financial crisis due to the country’s unsustainable debt levels.
Roodt shared his views on the South African economy and the country’s trajectory at the recent Biznews Conference in Hermanus.
He told delegates that South Africa’s national government debt-to-GDP (gross domestic product) ratio is around 77%.
However, this only tells part of the story. The state is also responsible for a significant portion of the debt of state-owned enterprises and local…
New Year’s Day: New Year’s Day is celebrated with various outdoor festivities,
including music festivals and fireworks.

True Sweetness
Nigeria: You have two cows. You convince an old American woman to invest in them, but pocket the money and run.
Weldmaster
A professor in South Africa is teaching her students how to form Emglish sentences.
“Attention class I have two words: Cheetah, and dandelion. Can anybody use these together in a sentence?”
One student raises their hand,
“The cheetah is faster dandelion.”